Spotlight on CrowdStrike Holdings: Analyzing the Surge in Options Activity

Financial giants have made a conspicuous bearish move on CrowdStrike Holdings. Our analysis of options history for CrowdStrike Holdings CRWD revealed 8 unusual trades.

Delving into the details, we found 37% of traders were bullish, while 62% showed bearish tendencies. Out of all the trades we spotted, 2 were puts, with a value of $63,930, and 6 were calls, valued at $210,466.

Projected Price Targets

Based on the trading activity, it appears that the significant investors are aiming for a price territory stretching from $250.0 to $310.0 for CrowdStrike Holdings over the recent three months.

Volume & Open Interest Trends

In terms of liquidity and interest, the mean open interest for CrowdStrike Holdings options trades today is 281.0 with a total volume of 99.00.

In the following chart, we are able to follow the development of volume and open interest of call and put options for CrowdStrike Holdings's big money trades within a strike price range of $250.0 to $310.0 over the last 30 days.

CrowdStrike Holdings Option Activity Analysis: Last 30 Days

Noteworthy Options Activity:

Symbol PUT/CALL Trade Type Sentiment Exp. Date Strike Price Total Trade Price Open Interest Volume
CRWD CALL TRADE BULLISH 04/19/24 $250.00 $48.8K 623 10
CRWD CALL TRADE BULLISH 03/15/24 $310.00 $47.4K 404 31
CRWD PUT TRADE NEUTRAL 04/19/24 $270.00 $32.3K 213 31
CRWD CALL TRADE BEARISH 07/19/24 $250.00 $31.9K 104 0
CRWD PUT TRADE NEUTRAL 02/16/24 $305.00 $31.6K 23 28

About CrowdStrike Holdings

CrowdStrike is a cloud-based cybersecurity company specializing in next-generation endpoint and cloud workload protection. CrowdStrike's primary offering is its Falcon platform that offers a proverbial single pane of glass for an enterprise to detect and respond to security threats attacking its IT infrastructure. The Texas-based firm was founded in 2011 and went public in 2019.

Where Is CrowdStrike Holdings Standing Right Now?

  • With a trading volume of 579,520, the price of CRWD is up by 0.11%, reaching $299.0.
  • Current RSI values indicate that the stock is may be approaching overbought.
  • Next earnings report is scheduled for 42 days from now.

Professional Analyst Ratings for CrowdStrike Holdings

In the last month, 5 experts released ratings on this stock with an average target price of $290.8.

  • An analyst from Citigroup has decided to maintain their Buy rating on CrowdStrike Holdings, which currently sits at a price target of $320.
  • An analyst from Oppenheimer persists with their Outperform rating on CrowdStrike Holdings, maintaining a target price of $300.
  • An analyst from Truist Securities persists with their Buy rating on CrowdStrike Holdings, maintaining a target price of $290.
  • In a cautious move, an analyst from Cantor Fitzgerald downgraded its rating to Overweight, setting a price target of $240.
  • An analyst from Morgan Stanley has elevated its stance to Overweight, setting a new price target at $304.

Options are a riskier asset compared to just trading the stock, but they have higher profit potential. Serious options traders manage this risk by educating themselves daily, scaling in and out of trades, following more than one indicator, and following the markets closely.

If you want to stay updated on the latest options trades for CrowdStrike Holdings, Benzinga Pro gives you real-time options trades alerts.

Market News and Data brought to you by Benzinga APIs
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Posted In: OptionsMarketsBZI-UOA
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